In canada home loan @2% along with 10x exposure to your annual income whereas in India still it is available @7% and less exposure

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Deal Cadet
tarun456

In india we pay highest taxes[direct+indirect] ..with no benefit like free education for kids and social security add to that we pay highest interest rates to banks

i THINK we are no.1 in world in terms of paying to govts ..as almost 55% of incomes goes back to govt
but we might be no .111 in terms of getting backs in any form .

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Deal Subedar Deal Subedar
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You need to see full picture, just not the interest alone.
Bank FD/CD interest 1%
Inflation is near 3%
Housing sale apreciation 5%
Housing sale expense breakeven at 10%
Cold weather …..the list goes on…

Deal Subedar Deal Subedar
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Pretty soon they will charge you for keeping money in the bank in Canada like some parts of Europe.

Also, no one really pays the full income tax here except for govt and MNC/IT employees.

Deal Subedar Deal Subedar
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G-Gowda wrote:

Pretty soon they will charge you for keeping money in the bank in Canada like some parts of Europe.

Also, no one really pays the full income tax here except for govt and MNC/IT employees.

Negative interest rate is never coming to NA.
OP is right but he forgot to take into account inflation which is nothing there.
Sabse badi baat standard of living.

Deal Subedar Deal Subedar
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I am pretty sure there is free education for kids in India. Yes you wont like but it doesnt mean it is not there.

Deal Cadet Deal Cadet
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Forget about the interest rates for savings money in bank in western countries. There, you need to pay maintenance fee to the banks to park your money.
And the price of land/properties are almost stagnated in the western countries.

Pro Community Angel Pro Community Angel
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Invalid comparison bro smile

Budding Star Budding Star
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I thought Canara bank offering home loan at 2% pensive

Deal Subedar Deal Subedar
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BAT_MAN wrote:

I thought Canara bank offering home loan at 2% pensive

Difference of ‘D’ and ‘R’ CanaDa vs CanaRa bank laughing

Deal Cadet Deal Cadet
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You live with your parents and they can play with your kids.

You do your duty and dont leave your parents in old age alone.

There are some things money cant buy , for the rest we have mastercard

The love of parents is uncoditional, they wont say anything even if children desert them, but they do get suffocated and depressed and cant even say it

Deal Cadet Deal Cadet
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If our saints have not discovered so much science today canada wud not progress

Deal Cadet Deal Cadet
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thats what NRIs do..they take loan there and invest here

Deal Captain Deal Captain
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That’s why we call it India

Upcoming:

👉 The customer has to pay interest to the bank on keeping money as safety + maintenance + service charges

👉 If you have a house, you need to pay money monthly as a fee

👉 Walking/ Driving/ Riding on roads will be chargeable on per hour basis

👉 Your sewage, potty, and toilet will be weighed and for that, you need to pay as per monthly weight consumed by you

👉 Whatever Oxygen you inhale from nature will be charged by putting some machine and at the end of the month you need to pay Govt for the consumption

👉 Carbon dioxide machines will be installed and whatever carbon dioxide you emit will be measured and you will need to pay for it depending on the units

👉 Monthly fees need to be paid as a living charge on this earth, depending on the members in your family

👉 Farting, sneezing will also be chargeable as a pollution fee, some machines will be used to count it

👉 For getting married you will need to pay a huge fee and then only one can get married

👉 On giving birth you need to pay the entry fee on earth and registration (living fees will depend on how many years you need to spend, it can be extended after too)

👉 On death deregistration fees + all taxes needs to be cleared + checkout charges (if checkout earlier then registration then penalty fee)

many more conditions and rules will be coming soon…. to make life hell and miserable

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